Talk about your irrational exuberance: Apple's stock shot up over $3
this morning on the announcement of better-than-expected battery life
for the iPhone. This pogo-stick fluctuation of the stock price on every snippet of iPhone news is a mite stressful even for those of us (like myself) who are long + buy-and-hold on AAPL, and I can only imagine the volume of Maalox that's being consumed by more active traders.
I suppose it's too much to ask, when reputable mags like Business Week
are picking up the price expectations of $160 a share from slightly rabid analysts, that everyone take a deep breath and try to be patient until the phone actually ends up in the hands of customers. Really, though.Disclosure: I own AAPL stock.